Hyundai to Enter China’s Commercial Vehicle Market
- Hyundai establishes a 50-50 joint venture, Sichuan Hyundai Motor Company - Joint venture aims to produce 160,000 buses and trucks a year by 2013Hyundai Motor Company, South Korea’s largest automaker, today signed an agreement to establish a joint venture company with China’s Sichuan Nanjun Automobile Group Co., Ltd. (Nanjun Auto) to enter the world’s biggest commercial vehicle market. A signing ceremony was held at the Jinjiang Hotel in Chengdu, Sichuan, to launch Sichuan Hyundai Motor Company (Sichuan Hyundai). The ceremony was attended by Hyundai executives and government
